Commercial Investment properties
Wednesday, August 13, 2014
Starting at 4:00 PM
All properties will be offered at the motel location at 1885 East Mansfield Street, Bucyrus, Ohio 44820.
3 Duplex Homes on city lots
Motel/Restaurant on 3.59 Acres
Directions to Auction location: From US 30 and East Mansfield St. exit, take East Mansfield St. west to property on left.
Property 1: Parcel #42-0012335.000, 3.59 acres, located at 1885 E Mansfield St., Whetstone Twp. Bucyrus, Ohio 44820. This property consists of a 13,286 sq ft. motel/ restaurant building along with a two-story block, stone and vinyl sided structure constructed on concrete slab with asphalt shingle roof. The 26 room motel (12 single and 14 double occupancy) is finished with carpet, tile floors, drywall or paneling and acoustic tile ceilings. The rooms have divided baths and individual heating/cooling units. There is a restaurant and office space in the center part of the structure. The laundry is located in a separate 31’ x 35’ garage. The general lot dimensions are 240’ (frontage) x 560’ (deep). This property location is a prime lot located adjacent to the WalMart in Bucyrus. The taxes are $3,960.28 per year.
Property # 2: Parcel # 8-0016992.000, lot 186, city lot dimensions are 47’ x 157’, located at 317 and 317 ½ W. Warren Street Bucyrus, OH. This is a two-story duplex home with total of 9 rooms, 3 bedrooms, and 2 baths. The square footage for the duplex is 2,094. The home has vinyl siding, metal roof, and a detached 2 car garage. The taxes are $1,268.21 per year.
Property # 3: Parcel #8-0015290.000, 319 and 319 ½ W. Rensselaer Street, Bucyrus, OH. This property is located on the east half of lots 916 and 917. Lot dimensions are 50’ x 161’. The two-story duplex home has 2,004 sq.ft. with a total of 11 rooms, 4 bedrooms, and 2 baths. The taxes are $1,210.68 per year.
Property #4: Parcel # 8-0016994.000, 615 and 615 ½ S Walnut Street. This property is located on NPT 228. This Duplex home has 2,484 sq ft and consists of 7 Rooms, 4 bedrooms, and 2 baths. The lot dimensions are 41.5’ x 155’. The taxes are $1,295.21 per year.
The duplexes are all located in the Bucyrus City School district. Properties are located in Crawford County, Bucyrus, Ohio 44820.
Real Estate Terms: A non refundable down payment of 10% of the contract price due sale day by cash or good check with the balance due at closing in 45 days. The seller will provide a Warranty Deed and Certificate of title, any title upgrades, such as title insurance will be a buyer’s expense. There will be a 10% buyer’s premium added to the final bid price to arrive at the final contract price. The final contract price will be the final bid price plus the buyer’s premium. All inspections need to be made prior to auction. The property sells as is, where is based on buyer’s own inspection.
Auction by order of: Paul McGlone